US stocks rallied sharply overnight, as global oil prices posted their biggest plunge in nearly two years after the United Arab Emirates said it would support increasing output.US stocks rallied sharply overnight, as global oil prices posted their biggest plunge in nearly two years after the United Arab Emirates said it would support increasing output.
The euro was trading at $1.1047 after jumping 1.6% on Wednesday, its best day since June 2016, along with gains in European stocks and a sell off in bonds. They attributed the euro’s gains to some optimism ahead of a meeting between Russia and Ukraine’s foreign ministers – the first meeting between the two since Russia invaded Ukraine two weeks ago – and reports that the European Union was discussing bond issuance to finance energy and defence spending.
US stocks rallied sharply overnight, as global oil prices posted their biggest plunge in nearly two years after the United Arab Emirates said it would support increasing output.
Source: News Formal (newsformal.com)
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